Congress Back in Session
Both Chambers return to DC this week to take up usual business. The House will consider several bills this week under expedited procedures, including those concerning the FCC’s oversight of satellites and authorization of spectrum usage to provide expanded emergency alerts.
House Members will also take up Speaker McCarthy’s new Debt Limit proposal which would raise the debt limit by $1.5 trillion or through March 31, 2024 – whichever occurs first – in exchange for $130 billion in discretionary spending cuts and a cap of 1% in annual spending increases over the next decade.
The debt limit bill would also expand work requirements for various entitlement programs and claw back certain funding from last year’s Inflation Reduction Act. Members are also expected to take up a measure repealing a Biden Administration rule suspending tariffs for two years on solar panels from Southeast Asia, which President Biden has threatened to veto.
The Senate is also back in town this week for nomination votes.
Both Chambers will also hold several committee hearings this week, including the following:
- The House Small Business Committee’s Subcommittee on Innovation, Entrepreneurship, and Workforce Development will hold a hearing on exploring alternate paths to student debt
- The House Appropriations Committee’s Subcommittee on Transportation, and Housing and Urban Development will discuss the Biden Administration’s FY2024 Budget Request for the Federal Aviation Administration
- The Senate Banking, Housing and Urban Affairs Committee will discuss how to build consensus on addressing housing challenges
- The Senate Small Business and Entrepreneurship Committee will hold an oversight hearing regarding the SBA’s implementation of final rules to expand access to capital
- The Senate Environment and Public Works Committee will hold a hearing to discuss the impacts of plastic production and disposal on environmental justice communities